Exports from Cyprus only make up a small percentage of its GDP, but they are still an important economic factor for its small economy. For 2013, the value of exported good totalled to 716 million euro. The following table shows a breakdown of what was sent out and their destinations for the top 7 importers of Cypriot […]
Even though the economic situation in Cyprus doesn’t seem to be getting any better (some would argue its getting worse), car sales continue to increase. According to the Cyprus Statistical Service, private saloon-type car sales increased by 30.2% (10120 cars registered) during the first 7 months of 2014 compared to the same period last year. […]
First of all I need to say that I have no background in Economics, Business Management, Corporate law or anything else remotely related to Airline operations. I am just a naive citizen who is trying to figure out why these things are happening to this island and make sense through the lies, propaganda and conspiracy theories we […]
The government announced yesterday afternoon that it has officially requested financial assistance from EU rescue funds (EFSF/ESM). The announcement hints that talks for a Russian loan might have failed or are being delayed while the financial assistance is required urgently. According to the official statement the purpose of the assistance is to contain the risks […]
According to findings of the Credit Information Specialist CMA covering the first quarter or 2012, Cyprus is now ranking as the number one nation in the list of countries who might not be able to pay their debts in the next five years.
According to an article in today’s issue of Politis newspaper there will be an additional increase in the price of electricity because of yesterdays blackout.
Bank of Cyprus announced yesterday that according to the preliminary financial results of 2011, it took a hit of about 1.32 billion euro.